Creative Planning grew its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 38.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,472 shares of the company's stock after purchasing an additional 51,420 shares during the quarter. Creative Planning owned approximately 0.05% of iShares Bitcoin Trust worth $6,298,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Aristeia Capital L.L.C. raised its position in iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company's stock worth $202,806,000 after acquiring an additional 1,903,644 shares during the period. Sculptor Capital LP increased its stake in shares of iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company's stock worth $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of iShares Bitcoin Trust by 1,657.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company's stock worth $90,014,000 after purchasing an additional 2,486,608 shares during the period. Bracebridge Capital LLC purchased a new position in iShares Bitcoin Trust in the first quarter valued at approximately $100,639,000. Finally, Point72 Asset Management L.P. purchased a new position in iShares Bitcoin Trust in the second quarter valued at approximately $56,965,000.
iShares Bitcoin Trust Stock Performance
NASDAQ:IBIT traded up $0.48 during trading hours on Thursday, reaching $34.72. The stock had a trading volume of 18,394,869 shares, compared to its average volume of 30,341,773. The stock has a 50 day simple moving average of $34.50 and a 200 day simple moving average of $36.19. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99.
iShares Bitcoin Trust Company Profile
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Free Report)
The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.
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